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Tesla Battery Supplier LG Chem Posts Record Q4 Revenues Amid Surging EV Demand
Wednesday, January 27, 2021 - 12:55pm | 319Read More...Tesla Inc's (NASDAQ: TSLA) battery supplier LG Chem reported Wednesday a record quarterly profit and also swung to a profit on an operating basis. What Happened: South Korea's LG Chem said its fourth-quarter revenues rose 19.9% to 8.8858 trillion won ($803.356 million), representing a...
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Tesla Supplier LG Energy Solution Reaches $9.8B Battery Investment Deal With Indonesia
Wednesday, December 30, 2020 - 2:12am | 364Read More...Tesla Inc (NASDAQ: TSLA) supplier LG Energy Solution, which spun-off from LG Chem earlier this month, has signed a $9.8 billion electric vehicle battery investment agreement with Indonesia, Reuters reported Wednesday (Jakarta time). What Happened: The memorandum of understanding (MOU) was...
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LG Forms Electric Vehicle-Focused Joint Venture With Magna
Wednesday, December 23, 2020 - 4:00am | 436Read More...South Korean electronics company LG Electronics Ltd has entered into a joint venture agreement with Canadian technology company Magna International Inc (NYSE: MGA), the two companies announced Monday. What Happened: The joint venture will manufacture automobile components like e-...
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VW, Goldman Sachs, Spotify Founder Back Tesla Rival Northvolt
Wednesday, September 30, 2020 - 10:44pm | 540Read More...Former Tesla Inc (NASDAQ: TSLA) employees Peter Carlsson and Paolo Cerruti are taking Tesla and its ambitious battery production goals head on. Northvolt's New Funding: Northvolt, founded by Carlsson and Cerruti, announced a new $600-million funding round Wednesday. This brings the...
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Tesla Battery Day Announcements Make Suppliers Bleed At The Stock Market
Wednesday, September 23, 2020 - 1:17am | 375Read More...Tesla Inc (NASDAQ: TSLA) battery supplier shares slumped in morning trade on Asian markets Wednesday after the automaker’s CEO Elon Musk revealed a plan to halve the cost of batteries and make them at its own factories. What Happened: Korea’s LG Chem Ltd (OTC: LGCLF) fell 4.5...
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Tesla Offers 'Giant Contract' To Any Company That Can Efficiently Mine Nickel
Thursday, July 23, 2020 - 4:28am | 399Read More...Tesla Inc (NASDAQ: TSLA) would offer a "giant contract" to any company that can efficiently mine nickel in an environmentally sustainable way, the automaker's Chief Executive Officer Elon Musk said during an earnings call Wednesday. What Happened The automaker is encouraging nickel...
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Polypore Down 6% on Rumor It May Lose Big Auto Business (PPO)
Wednesday, September 18, 2013 - 11:54am | 482Read More...A rumor is developing that technology filtration company, Polypore International Inc. (NYSE: PPO) has lost business because Asian competitors are severely undercutting PPO’s price. Polypore provides lithium ion (Li-Ion) battery separators to LG Chem for use in General Motors’ (NYSE: GM) Chevy...
